A change in ________ creates a movement along the aggregate demand curve but does not shift the aggregate demand curve
A) tax rates
B) the price level
C) fiscal policy
D) None of the above because they all shift the aggregate demand curve.
B
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An economy experiences real growth over time with stable aggregate demand. This would likely result in
A) decreasing prices. B) increased unemployment. C) increasing prices. D) secular inflation.
Concentration ratios are generally computed for ________ markets
A) local B) regional C) national D) global
Typically, borrowers have superior information relative to lenders about the potential returns and risks associated with an investment project. The difference in information is called
A) moral selection. B) risk sharing. C) asymmetric information. D) adverse hazard.
An important element that is excluded from U.S. poverty figures is:
A. interest income. B. earned income. C. in-kind transfers such as food stamps and housing assistance. D. income tax.